Are You a Trader or Gadget Freak?

Are You a Trader or Gadget Freak

Are you trading for Money or showing off your gadgets? I see many traders showing off several screens, I ask them Are You a Trader or Gadget Freak? Do we need 4-10 monitors and several watches on our walls to look like a professional trader? What exactly a trader should have? 

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Are You A Trader or Want to Show Off?

Think thrice after reading the title above. What are you? What type of computer or gadgets you need to trade like a professional. My Answer, Only 1 Laptop or Desktop would do. I see many traders in abroad and in the country that they spend tons of money buying trading computers for using multi-terminal and expanding the view of the market. Some traders think they are over smart traders and brand rated.

Those traders try to make a face on the traders who only have a desktop PC or LAPTOP to trade. Remember, real traders or real people don’t have time to talk craps about someone else cause they know the value of their time. I see many traders writing against other traders and their methods, believe me, they are not criticizing others but harming themselves cause while they are writing these craps, they are missing a good setup in any of the pairs. So, know your value, know the value of your time.

Are you trader or Gadget Freak

source: pininterest.com

A Laptop with Minimum Configuration Will Do the Trick

Believe me, Trading in a personal computer or LAPTOP is what you need for trading well. I only use a Macbook Air, iMac, and a Samsung 10.5 inch Tablet. But if you would believe, I started trading by investing $200 for an HP Mini Laptop with Atom Processor in it. I used to do courses, trade, and make money from that tiny little machine with a 1.8 GHz processor and 2 GB ram with 320 GB hard disk space.

After having a decade of trading experience, I am still using only 3 screens. Yes, it’s only 3 screens which help me to monitor Fundamentals, Technicals, and Order Flows of the market. Check my Weekly Free Analysis where I provided over 40,000+ pips for FREE. Simple. I run Trading view and LIVE SQUAWK on my big screen iMAC, I run Meta trader 4 on my Macbook Air and I see multiple charts on my Tablet. That is it, if you have a computer and don’t feel irritated switching between tabs and software then a $200 laptop would help you do the same but with a bit of a hassle to switch between programs. But believe me, if you are starting only a small laptop would do.

Trade for Profit, Not to Show Off

Are you a trader or a Gadget Freak

source: Laptop Amigo

To conclude, stop getting wowed by seeing a full trading setup in a room with so many monitors and so much to look at. Remember, Every shining object is not gold. You are not going to analyze all the pairs and you are not superhuman to take a trade every while, if you are doing it, you are over-trading. Moreover, if you are getting a good profit, stop now, cause you are going to lose it soon if you are going to continue this style.

What do I do? !!! Eat, Sleep, Play XBOX, Watch a movie, read books about trading and self-help. That’s it. Keep it simple and earn handsomely. That’s where the magic lies. So, stop now. Don’t invest in indicators, robots, or tons of monitors to earn a trading setup, just follow your methods and get on with it. Don’t ever trade when your method’s conditions are not met. To get a professional course from a professional trading mentor with Lifetime Access, you can join MFX University. The only place, where you will get 100% guided help and trading lessons from a veteran trader. Click Here to buy the Lifetime Membership at Discounted Price. Hurry Up, time is running out.

BE SAFE, BE PROFITABLE.

MD. Rockybul Hasan
Founder
MFX Center

Opportunity Lost in Forex Trading? Breakout Trading Tips

Opportunity Lost in Forex Trading

Have you recently faced any good profit-making Opportunity Lost in Forex Trading? When you entered the market, it was way higher or lower than expected? Forex Psychology is pretty different and complex from a normal business. The stress level is much higher as the decision made gets a faster response to profit and loss.

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Sometimes we see many traders doing over trading and jumping on the trade which already lost the ground. Yes, exactly. Let’s say YESTERDAY’s AUDUSD D1 chart. A huge fall of over 70+ pips in a single day. Many traders become so irritated about missing those pips they open a sell position though the price has finished its journey to the support level. So, it can anytime shoot up or against your trade. The opportunity that is missed cannot be regained and that’s what we need to believe.

Opportunity Lost in Forex Trading?

Opportunity Lost in Forex Trading - MFX Center

source: forexop.com

Profit Loss that’s all named as a business. You don’t get any profit or loss if you are working in an organization. In that case, you are given a target to fulfill but in the case of Business that what really matters the most.

I personally suggest everyone not to trade on a missing opportunity or if you are really thinking that the trend will continue then please trade with a good breakout strategy. On the contrary, at least try to wait for a retracement before you continue with the trend. A good breakout strategy is not when you place a sell stop or buy stop at the near term or key level support or resistance. You need to provide a gap of some pips which is known as pips buffer.

For Example:- If the support is at 1.3700 then you should place the sell stop at 1.3690-1.3685. Because it will help you to save yourself from the fakes that the market makes. For breakout trading and any kind of professional trading always use an ECN broker cause some broker as I experienced with them. NON-ECN brokers take orders much earlier than the point to be reached. For example, if you are looking for a pending order at 1.3785 but the broker takes the trade at 1.3788 then it would not be appropriate for a breakout trading. This type of position laundering is done by the broker for the spread to match the point of a position opening. So for any kind of trading strategy where you might use pending order always go for a true ECN broker or an ECN account.

Understand the Market Context Before Breakout

Opportunity Lost in Forex Trading

source: chriskyle.com

if you are trading in the market for a while, you need to understand certain things before you predict any breakout. These things are very few in numbers but have a great impact. The elements are :

  • Market Swing Squeeze
  • Market Flow Variables (Impulsive or Corrective)
  • Volume Accumulation or Distribution
  • Price Volatility Rate

When a trader is looking at a key level and the price resides near the level, these elements need to double-check. In certain cases, if the breakout has already happened, we should not jump on the trade thinking that we are losing the opportunity. So, if a breakout of any key level or event level has already taken place, we should be looking forward to a retest from the key level which actually happens quite often. Get up to 25% discount on our Lifetime Membership based Training course with exclusive services FREE for lifetime. Join Today by click here. 

Why Market Retests After a Breakout?

Opportunity Lost in Forex Trading - MFX Center

chart source: Tradingview.com – Follow us on Tradingview – Rocky Hasan

You might be asking if a market has broken out, why it will fall back to retest the same level? What is the logic here? The logic is simple, breaking a strong price level does indicate certain profit-making of the bulls or bears in the process. A strong break requires Market Swing Squeeze which means accumulation bullish or bearish trade orders. As the price volatility increase and volume accumulate or distribute impulsively beside a strong level that means the price has a greater chance to break above or below the level. Therefore, after the break, the price will retest the broken level again. Mainly to have further volumes and order accumulating for the upcoming trend continuation.

For instance, you can use any dynamic level indicator carry function to understand the squeeze and price volatility. There are also certain chart patterns like Pennant, Ascending or Descending Triangle to help you understand the squeeze in the price before a breakout. To learn advanced patterns and Pre-Breakout strategy, Join MFX University Advanced Trading Course today with a discounted price.

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Biggest Mistakes in Trading and Solutions

Mistakes in Trading and Solutions

Mistakes are pillars of success, they say. I do agree but what are the Biggest Mistakes in Trading and What are the most effective Solutions of those mistakes? As a FOREX, stock, or even a businessman one thing we all should remember we must follow some rules and follow some procedures to complete a process.

Biggest Mistakes in Trading Starts with You?

Biggest Mistakes in Trading and Solutions

image source: varchev.com

What we traders do is what we should not do. I have experience with many traders, trading around me, providing analysis, and asking me for the trade setups. I try to provide some of my analysis but that is not what a trader should look from me or anyone else.

The biggest mistake I generally find in a trader as well as I used my find in myself when I was a newbie or somehow experienced trader earlier is that I used to think that market is going to follow my analysis.

THE BIGGEST MISTAKE:- MARKET IS NOT YOUR SLAVE, YOU ARE THE FOLLOWER, MARKET IS THE LEADER.

The market is the leader here, as you see in the political party, there is a leader, also in the business world, your immediate boss is your group leader, etc. like that the market works as a leader here. You should follow the market to get the most out of the market.

Like any kind of war, we should know what our enemies are thinking and we need to think like them to find a solution to get an advantage over them. As per the book ART OF WAR, the author showed various ways to tackle difficult enemies. In the case of trading, every trader who is trading is your enemy, mostly who are going against your trade. But the biggest enemy is within you. Your incomplete knowledge about market movement and understanding the market price action can lead you to making bad decisions and losing your money. In this case, you can learn from the very best in the field with Lifetime Access like MFX UNIVERSITY, to excel in this case.

So, the biggest mistake in trading lies within you but you should be prepared for the worst. You should have an idea of what can really go wrong and what to expect if you are right. Let me ask you a few questions

  • Are you facing terrible consistent losses?
  • Are your trades going against you as soon as you are taking the trade?
  • Why your Losses are more consistent than your Profits?

The answer to the above questions lies in your mindset and trading knowledge. I have been in the market for around 10 years now and I have learned from many gurus and so-called gurus. The difference between REAL GURU and SO-CALLED GURU is that REAL GURU doesn’t show you rainbow every time. They will see you the truth about the market, will show you the real picture. The scenario where you have to take losses sometimes but you will win at the end. So, whatever mistakes are keeping you away from consistent profit, it starts within you and your trading knowledge. Below are some brief solutions for you which if followed well then will serve you a lifetime.

What are the Solutions of the Mistakes?

Biggest Mistakes in Trading and Solutions

source: savingadvice.com

I know no one wants to get psychological GYAN rather than getting something to profit from. I also know over 1000+ people see my post but only 20% act on the knowledge to enrich their performance.

So, I will enclose some small and simple methods which will help you to make profit from Day 1.

What I personally use to know the market are:-

1. Proper planning ahead of time – Do you really plan ahead of a trading week? If not, keep 1 hour for markets on Sunday night and do your work. Plan which currency pairs or stocks are showing promise and have been around a strong price area.

2. Stick with a few instruments – Do not diversify much to confuse yourself. Study a few instruments, for instance only 2-3 stocks or 2-3 currency pairs and know their price areas and reaction levels.

3. Understand Market Context – Try to see the MACRO view rather than MICRO. See what is happening in the world. You can try AtoZMarkets.com for getting updated news and analysis to keep your game ahead of others.

4. Use Proper Charts and Get Proper Knowledge Source- Charts are very important for traders to time entries and exits and also to understand what is really happening in the market. If a strong fundamental is there, it will be reflected on the chart. I always prefer Tradingview charts with FXCM data feed. I also use Ninjatrader charts for Volume and Order analysis where the data is supplied by FXCM as well.

Additionally, for getting proper knowledge, don’t just watch some random Youtube So-Called Gurus. Get into a proper trading course where you will get guidelines while learning the art of trading. You can consider our Lifetime Access course + membership of MFX University. 

There are many things you can learn along the way but if you want to start little by little with some great lessons for FREE, you can SUBSCRIBE to our YOUTUBE CHANNEL – MFX CENTER and watch the videos. You will surely find great techniques to use in your trading process and earn your share of profit before you GET ADMISSION and GRADUATE from MFX UNIVERSITY. 

So what could be done besides learning the art? The best way to get to know the market is to trade the market with a CENT account while trading for the first time. Please note – Demo trading does not help you to increase your trading experience. So, the demo can be used to know the basic titbits of the trading platform and knowing ABC’s but not good for practicing. As in the first few weeks, you will lose a lot, so losing CENT rather than DOLLAR is a wise choice. Best of luck with your trading career and please don’t forget to subscribe to our Free Trade Updates, Lessons, and Services from HERE. 

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Stay TUNED to MFX CENTER

Thanks for reading this article.
MD. Rockybul Hasan
Founder and CEO
MFX CENTER

JUST FOUND AN ANSWER ABOUT FOREX TRADING (EPISODE 3)

Just Found An Answer about Forex Trading Episode 3

What is the main reason behind a person not being able to trade like a professional trader? What discipline and knowledge he or she is missing? If you have read the second episode of Just Found An Answer About Forex Tradingyou must have known some facts and myths to avoid. This article discusses more elements with a specific outline as being the last episode of this article saga.

MFX Center Exclusive Article Saga

So, the last episode was a digestive one but this one, I am pretty much sure you might have to taste a few HAJMOLA to digest cause I am going to discuss something out of the box today.

Just Found An Answer About Trading Psychology

Just Found An Answer About Forex Trading Episode 3

source: dailyfx.com

Though I am not having the best days of my life, seeing worst nightmares in the daylight with the study, income sources as well as my personal life as well. So, this time I am pretty sure, I am not ready for trading the market myself but why I am telling you this? Cause these are the situations when you should avoid trading and try to relax or refresh yourself.

I have always been telling everyone that keeping the trade simple is the only way to make a profit. But how?

It’s like having a cup of tea. Yes, of course like that. No, I am not joking. What traders are doing nowadays? Trading ya right. No, they are gambling. How? Have you ever been to NEW YORK stock exchange or ever seen a trader of course who is a damn professional and how he trades? I have not been to NYSE but I have encountered some of the worlds finest traders around me. What we personally think and what they think is quite different. Yes, they mean trading as a serious business but we think like a money maker. Trading is a money maker, no doubt but are you making money or losing it?

The answer lies in your head friend. You are not taking it seriously. Now, how to be a professional? It’s pretty simple as it doesn’t sound actually.

Build Yourself as a Professional Trader

Just Found an Answer about Forex Trading Episode 3

source: opportunitydesk.org

There are few rules I personally follow and observed various professional traders around:-

1. Never trade too much

2. Always look for entry nearer to resistance or support

3. When the market is giving you losses, don’t trade or take a leave. This thing did make me regret so don’t try to over trade when losing. It’s my personal experience when I overtrade I always lose more.

4. Don’t enter a trade without a valid setup and if the setup is not respected by the market then don’t disrespect it, have patience and wait for the next milestone move.5. Fundamental news or events are not important. WHAT did I just say??? Yes, it’s true. If you are following the market and can talk with the charts, your chart will tell you where the market will go after high impact news. It’s Proven.
6. Never do news trade, cause once I saw a time when I earned my living with only news trading but the time has changed my friend, its a new revolution going on in the market.
7. When the market is volatile don’t ever try to trade rather sit back home and relax, it’s better to have some money in the account rather than losing them.
8. The market can go anywhere, be prepared for your losses. Don’t risk money which you can’t afford to lose.
9. If you don’t have $10000+ in your account don’t try to trade for a living.
10. If you are following someone, make sure he is not over-trading.
11. Always use stop loss and make sure to place your stop loss above resistance or below support.
12. Always try to find out key levels it will help you to set your objectives.
13. Don’t make your chart hazy, try to see it clear and clean. Use a few indicators or if you are a price action freak try to read the candles.
14. Be confident and try not to close any order before the expected levels are hit.
15. Take time and trade less. It will help in the long run. Always try to have a long plan and try to achieve it step by step, don’t try to jump up.
16. REMEMBER YOU ARE THE CREATOR OF YOUR OWN DESTINY SO, WORK ON IT. DONT WAIT FOR A MIRACLE, CAUSE THE PERSON WHO CAN CHANGE YOUR LIFE IS ONLY YOU AND YES OF COURSE WITH GRACE OF ALMIGHTY ALLAH.

MAY ALLAH BLESS US ALL.

Many traders requested me how I trade? By keeping me in the market. More questions and interesting facts coming soon. Stay tuned to MFX CENTER. To learn how we trade and make profits like professionals do join MFX University today.

Thanks for being with MFX

MD. Rockybul Hasan

Chief Analyst, Founder and Trainer

www.mfxcenter.net

JUST FOUND AN ANSWER ABOUT FOREX TRADING (EPISODE 2)

Just Found an Answer About Forex Episode 2

If you have read my first article on JUST FOUND AN ANSWER ABOUT FOREX TRADING Episode 1proceed to this article. Or else click on the article title to read that article first before continuing. As I have included some advanced stuff here, you will need to understand the first article before continuing to this article.

MFX Center Exclusive Article Saga

What a FOREX trader or any trader or any businessman desires? Information or Analysis or Setups or Suggestion? What’s your view? No, Everyone in this world, looks for PROFIT. It’s our social need. We need money and money comes from Profit. Isn’t it?

Just Found An Answer About Forex Trading Myths

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image source: fxdailyreport.com

Why people are living in big houses and some are in slums? Why people are walking around the streets while others are travelling in Air-conditioned car with maximum comfort? Its all about money and as a trader or businessman money comes from profit.

What would be the best gift for a trader? Analysis? No. Then Good Indicator or system? No. What then? It’s the profit-making scenario. If a trader makes a profit, he becomes confident and becomes happy, but if the trader buys an online course does he seem that kind of happy like the time when he made profits. Answer simply No. So, after writing all these lines, I just wanted to express and let all of you understand that why we are trading and why we want to trade. And all answer describes one-word PROFIT.

So, after reading above, you might be thinking, what rubbish is this? Is this an article or a joke? My friend, its reality. I am showing you this again, I know you work on it and you know it very well but you don’t recognize it properly. That is the problem.

THE HOLY GRAIL TRADING SYSTEM

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image source: eradity.com

Recently one of a student found an indicator named HOLY GRAIL costing about $620. Believe me guys he was so interested that he really wanted to use that. He was very much influenced and believed that it would make him profitable. But, the one and only thing that can make a trader profitable is his own trading sense (MINDSET and Trading Literacy), Nothing else.

Do you know who is your real enemy? No, it’s not other traders or your competitors. It’s solely you. You are responsible for your profit and losses. Traders become frustrated when they lose and they become over and over and overconfident when they win. They try to make more when they win, that’s good, we all think like that but at what extent? If we lose, we try to recover our loss with more trade named as over trading and they lose more. Yes, it’s guaranteed. LUCK? Believe me, if you believe in luck totally for trading FOREX. You are a gambler. Stay away from the trade. Don’t misbehave with the market, don’t harm yourself. Cause when you misbehave market does not get affected, the affected element is you. So beware. To learn how to trade like a professional and build up your trading career, join MFX UNIVERSITY with Lifetime Access today.

Simple Solution to The Forex Trading Problems

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image source: ForexTraders.com

So, what to be done? Just try to read the market. I always tell my fellow students, followers and everyone I know who trades FOREX, Futures etc. Just to keep it simple. Always remember, if you try too hard, it might rip off. Just think of a rubber band, if you try too hard to stretch it at its max, after a certain period of time it will rip off from the middle. That’s what we traders do. We try too hard. We search for good indicators, we search for the holy grail, we search for system etc. but we always forget we are really searching for that is PROFIT.

There are thousands of indicators, everyone is telling that their systems are the world’s best system. But do you know, if worlds best system belongs to you then you will not be making a profit. Why? Its because the system does not suit you. When a system does not suit you, whether its EARTH’s best system.

So, what’s the solution? Search on the whole world? No, just try to keep it simple. Remember, when we try to mix something complex we become confused and we take the wrong decision. According to a survey, students mostly fails in MCQ based examinations cause the options to seem too relevant with each other to confuse him/her. So, try to keep your trading very simple. Check our simple rule-based article on how to keep things simple in trading, techniques from the movie 3 idiots.

Indicators Are Not Bad

 

You are using indicators, good, use only 2-3 maximum even the world’s renowned scammer KARL DITTMANN’s indicators also can make a profit. How? I myself made a good profit with his indicator systems. Its because every indicator and systems are made of some algorithms and if a trader can track that, then the magic begins. So, first, you need to know the functionality in case of using any indicators or systems then go for profit but we traders we are in a rush to lose our money here.

I see many screenshots with huge profit scale, they are doing 20+ trades in a day. Don’t do that, its a business not a coin collection game like Subway Surfers. Don’t try to run to get profits, you may be smashed by a train soon. So, beware. Learn to be a profitable trader by learning from a worldwide known analyst and trainer with Lifetime Acess, Join MFX University today. Click here to join now. 

Keeping it simple, is the main rule. To know more about it stay tunes to MFX CENTER. The next episode will bring in some new techniques to keep it simple along with certain rules and make profit consistently.

Thanks for being with us
MD. Rockybul Hasan
Founder and Chief Analyst
MFX Center

Just Found an ANSWER about FOREX Trading. (Episode 1)

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We all have been looking for some answers while we are trading in the markets. I just found an answer about Forex Trading which might also help you all to know your shortcoming and act on it to improve your trading results. This article is of 3 episodes. So, just read the first one as the next 2 articles are published on the same website.

Yes, answer to what? Answer to a very common question every trader always ask himself or herself.

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Just Found An Answer to Forex Trading Question

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The question is “Why I am loosing so much rather than gaining?”

The answer is very simple cause you are trying too hard. You might say what the heck, how come by not trying too hard you will get good gain?

Lets properly understand what I m trying to make you learn.

First, as a trader, you should have a plan. Many of you might be bored by reading this line. You might have read it 1000s of times but having a plan is not like making a Multinational Business Plan. Many traders make trading look uncomfortable by trading when you should not trade. Let’s say if a Dog is trying to sleep but you want to take him to walk on that particular time, no matter how generous the Dog is with you it will bark on you. Same as Forex Market, Why to trade when the market doesn’t want anyone to trade on it. That’s why making a plan is important. How to plan?

Steps to Plan Your Trade and Trade Your Plan

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Just follow these steps:-

1. Select maximum 3 pairs (1 Major with another opposite correlating Major with Different Exotic or cross with less spread)

2. Find out S/R of the particular pairs you selected to analyze. You can see daily pivots as well as find out strong support and resistance. Channel drawing and Trendline drawing may also be effective to get on with S/R.

3. Try to read the market, or listen to it what it really wants to express. Let’s keep it simple when a baby is crying for a bar of chocolate you cannot pacify him with a toy like this when the market is going for a scalp situation why try to do long term? When is the market saying don’t trade now why you are looking for a trade? So, reading the market mind is not possible with less knowledge, we all know hammer pattern, Doji, Pin bar, Marubuzo etc. but do we know what these patterns are usually trying to say? Do we have any idea when to trace a fakey? No, we don’t for which we make losses. Even I make some losses by even reading the market in my way as nothing is 100% anywhere.

In my opinion FOREX market reading is like reading a woman mind, where you can’t predict what’s coming next rather than finding probability. Let’s say, you gifted your wife a golden ring, she was very happy. Again you gifted her a golden ring with a different design, she was so happy that she made you chicken biriyani then again you gifted her another golden ring, now she will be exhausted. Why? Cause you are not trying to read the change of demand. Like if you have a LED tv why would you want another rather than getting a Playstation with the money? So, Don’t try to feed the FOREX market with same trade style or indicator. Remember market change like the weather of LONDON. On that, I read an article on Daily Star newspaper today, a quote, ” WE MUST ALL OBEY THE GREAT LAW OF CHANGE. IT IS THE MOST POWERFUL LAW OF NATURE”.

So, be with the change, try to re-educate yourself, again and again, cause a filled cup is no good for re-pouring. Check out Episode 2 of the article for more insights and techniques to overcome trading fear.

Learn from the professional trader and trade for living with MFX University. Join MFX University Today. Exclusive discounts and offers are available for the students. Check out our 2nd episode this article saga.

Thanks for reading
Md. Rockybul Hasan
Founder of MFX – www.mfxcenter.net

WHERE LOSING IS NOT AN OPTION

Where Losing is not an Option

We always look for idols in America, England, Australia etc. In this article, Where Losing is not an option, we will learn from a regular guy about How to Get Up from Consistent Losses. We try to learn from them how they are surviving in this cruel world. But do we know we have many people around us who can teach us a lesson of life and mostly trading?

MFX CENTER EXCLUSIVE ARTICLE 

I was walking around Kotowali area with my Cousin Mr Al Faisal when I saw a person selling singaras and somusas in a van who would be around 60 years. He is an old aged guy named ABDUS SATTAR. He sells Singara, Dalpuri and Alu Chop in the street of FIRINGEE BAZAR, near Dovash mansion. Why I am talking about him? There is a reason.

Where Losing is not an option – The History

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sample image source from – Bangladesh Post website

The man used to have a shop in the same street 4 years ago. Due to the CDA road broadening process, he lost his shop. He is a man not less than 60 years old. He was very much depressed and was not finding any path to regain what he lost. After a month, he came up with a new idea, he started selling the same products on the footpath of that street. Moreover, He did not stop, he again attracted customers to his shop and MASHA ALLAH, there are many stores near him who sell same products but the man’s van is surrounded by tons of customers waiting for his special singara, dalpuri and alu chop.
This man is an inspiration, this man is a hero whom we don’t even care. We care about Bill Gates, Warren Buffet but we undermine the winner of the war named life among us. The man could sit back and cry for the whole life but he decided to stand up and fight again, That’s what is called SPIRIT, strength to get up.

What A Trader Can Learn From This?

Now if you are a trader or a businessman what we can learn from it?

1. Specialization tool. The man concentrates on a few products to produce and what he produces is the best. So, as a businessman or a trader, we should concentrate on a specific field or instrument rather than spreading our legs on two boats. Concentrating on many markets or equipment may only confuse you and get you nowhere.

2. Losing is not an option. The man teaches us, there may be losses, there may be a downfall, life may strike you down but the choice to stand up and fight again is yours. Crying and sitting back is not an option. He made me realize the golden quote ” YOU ARE STILL A WINNER UNLESS YOU STOP TRYING”. So, in business and trading there may be huge losses but sitting back and crying for what you lost is just like wasting time. Get up, and identify your mistakes, try to resolve it and gain success.

3. Have faith in yourself. Believe that you can succeed. The man believed that he can start again, he had faith that he can regain the confidence of the customers. He believed that he can make it up again, it does not matter where he is starting from but is the start satisfying his need? That’s what is very important. You might cry over having low capital on business but if you aim high, I personally believe we can do it.

This man, Abdus Sattar, is an example for us. Let’s be inspired, lets think positive, let’s gather confidence, lets work towards the goals which we are meant for. Learn to be a professional trader with Lifetime Membership, Join MFX University today. Exclusive Discounts and Offers Available.

Thanks for reading this.
MD. Rockybul Hasan
Founder & Chief Analyst
MFX Center 

What Traders can learn from the movie 3 idiots? (MFX EXCLUSIVE)

What a trader can learn from movie 3 idiots

We all watched the movie 3 idiots and we really liked its motive but as a trader did you try to apply the theory? What Traders can learn from this movie? The simple yet powerful strategies of 3 idiots movie can help us as traders to improve our trading performance and enhance our trading life. Let’s check out the exclusive article about impressive techniques a trader can learn from the movie by Rajkumar Hirani, 3 idiots.

What Traders Can Learn from 3 Idiots Movie?

3 Idiots is a 2009 Indian Hindi-language coming-of-age comedy-drama film co-written (with Abhijat Joshi) and directed by Rajkumar Hirani. The film stars Aamir Khan, R. Madhavan, Sharman Joshi, Kareena Kapoor, Boman Irani and Omi Vaidya. (Source – Wikipedia)

MFX CENTER EXCLUSIVE ARTICLE

Theory Number 1:- Don’t run after success, be a good trader and success will run after you.

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If you don’t know what to trade how to trade and when to trade properly then you are not a good trader, cause you don’t know about yourself how can you know about the market and trade with the market. If know-how to? Then you will know when to? And if you know when to then you will never lose the capital. To be a successful trader, I personally never traded much rather I invested thousands of dollars for learning. Yes, for learning. If I tried to invest those dollars before learning I got have got out of the FOREX world years back but no, I worked hard to learn about the market and by the RAHMAT of ALLAH and my knowledge now I can trade properly and earn a handsome profit.

Theory Number 2:- Try to Love what you do, rather than just sitting in front of the market and making losses.

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You should love the way of trading. I personally love trading so much that I can trade without sleeping a whole night, I can look at the chart 24 hours without any glimpse and I can analyze research my whole life. I love this trading career that much. Though my love for trading cannot be expressed in words and no one can sit in front of the platform and wait for trades, of course, that’s not my style of trading, the thing is that I love trading. That’s what is required. If you love something, then you will get more reasons to learn it properly and apply it perfectly. That’s why they say when you have “Will Power” you don’t need anything. If you want to do it, you can do it, no matter how hard it is, but our power to achieve is very important. If you are only in trading for making a living and you don’t like this profession and you don’t like to trade and you only want shortcuts then you should quit now, cause I personally don’t want anyone to have a bad experience in this trading field.

Theory Number 3:- Don’t Be Afraid of what you are doing.

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Traders are in risk, we all know that. They have the risk to lose all their money in trading. But if you know how to protect your account from false trades that’s what matters most. Everything in this world has a risk, come on our life is also at risk every moment. We never know what is going to happen next so, how can you tell something or predict 100% about something in the FOREX market? That’s just common sense. You can use Stop Loss and you can use trailing stop which most of the traders of the world mainly Bangladeshi stock traders don’t get it handy. So, how lucky you are. You are getting leverage over your capital and you can trade well with a minimum amount of capital. But why traders are afraid, because they don’t have confidence in their trade and they are afraid of losing a bit of the money invested. You need to make up your mind, that’s what is mostly needed. And don’t risk such amount of money in a trade which you cannot risk. Use proper money management and use SET AND FORGET technique. Believe me, it really helps.

Theory Number 4:- Don’t memorize, try to understand.

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I see many traders who try to memorize a lot of things, like chart patterns, candlestick patterns, indicators use etc. In my way, No need. There are thousands of patterns of charts, candlesticks and millions of indicators being sold in the market. Why bother? Keep your trading simple and try to understand what market is trying to tell you. Have you watched the ROBI advertisement? “KAKU Becomes DAKU”? This advertisement showed that miscommunication can be a big problem and that’s what I am trying to make everyone understand that try to have good communication with the market. The market speaks, and you need to listen. We don’t move the market, we just follow it. So, try to read the market, understand what it is trying to say, rather than memorizing the patterns and waiting for the pattern to appear on the chart and then trade. Who knows, the pattern may have false breakouts and false setup. So, try to understand that’s what is called a magic spell and that’s what I personally use.

Theory Number 5:- If you are specializing in one field, why trying to diversify for profit? Like the GADHE SUHAAS in the film.

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We saw a character in the film, SUHAAS who did engineering and then MBA so that he can fit into a job to get a good amount of money. Wherever he sees a good profit, he runs after it as well as he also shows off what he has. Many traders in our society trade with several numbers of pairs and try to take over 10 trade a day. For them, STOP RIGHT THERE. You are trying to lose all your capital. If you are trying to show off that you use a good amount of indicators and trade with more than 10 pairs a day and trying show yourself as a successful trader, wait for brother you are showcasing yourself. If you are telling you don’t lose trades or you have over 99+ accuracy you are faking yourself as well as others in the community. Don’t overtrade, and don’t showcase yourself. If you are good, people will talk about you, you don’t have to shout and inform everyone about your greatness. So, try to analyze with maximum 3 pairs a day and try to be very specific and don’t jump on a trade without confirming the trading conditions. Select the pairs which fit your styles and setups and go after it.

Theory Number 6 :- ALL IZ WELL.

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The ALL IZ WELL theory works everywhere. In the film, we saw its effect and traders might also have good use of it. ALL IZ WELL, traders remember it cause ALL IZ WELL is needed mostly for the traders. This can be used as a SPELL. Yes, SPELL to keep your confidence. I saw many traders including myself getting a bath by sweat when the trade goes against us. What a scene? What a moment? It feels like why did we open the trade? What’s wrong with me? At that moment, just listen to your heart saying ALL IZ WELL. Try not to close your trade before hitting stop loss. I saw many cases where before STOP LOSS is hit the trader closes the order but after a few minutes the trade comes to favour and without hitting the stop loss level it goes directly to take profit level. That’s what many traders have experienced. So, keep calm and control your emotions. Don’t lose hope, and make sure to confirm trade and analyze properly before opening an order. Don’t try to analyze more after the order is opened, on that time you will not get a chance to repaint your mistakes. Say ALL IZ WELL and be confident. What will happen if you lose the trade? If you are properly maintaining the money management you will get hundreds of opportunities in the future. Don’t lose hope, Just say ALL IZ WELL.

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Thanks for reading the article
Exclusively on MFX Center
MD. Rockybul Hasan
Founder & Chief Analyst

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